Which of the following will move the supply curve for housing in Florida, a popular retirement state, to the left?
A. Increasing the number of people who are retiring
B. Higher construction costs
C. Higher real-estate prices
D. Increase in the cost of insurance
Answer: B
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The J-curve effect of a currency depreciation results is due to
A) the initial effect having positive effects on the current account balance. B) the value of imports increasing by more than the value of exports at the time of devaluation. C) exports and imports being totally unresponsive to changes in exchange rates. D) decreases in the dollar price of imports. E) None of the above.
A network effect arises whenever
A) firms in an oligopolistic industry engage in limit pricing. B) firms in an oligopolistic industry engage in a zero-sum game. C) a consumer's willingness to purchase a good or service is influenced by how many others also buy or have bought the item. D) a producer's willingness to produce a good or service is influenced by how many other firms also produce or have produced the item.
Suppose that you borrow $10,000 for one year, and at the end of the year, you must repay $10,450. The interest rate is
A) 14.5 percent. B) 8.0 percent. C) 4.5 percent. D) 2.7 percent.
_____________ comes in the form of wages, interest, rent, profit, and even from goverment programs.
a. Spending b. Taxes c. Transfers d. Income